FraudAlert
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š Crypto Love: When Romance Turns into Fraud šØ
On December 10th, a large-scale operation took place in Nigeria against the largest crypto romance scam š. 792 people were arrested ā among them 148 Chinese, 40 Filipinos, and locals.
š How did the scheme work?
The scammers created the illusion of trusting relationships with victims from the USA, Canada, and Mexico šŗšøšØš¦š²š½ through fake investments. They used:
Social Networks š²
Phishing šŖ
Emotional Manipulation š¬
š Victims were promised "golden mountains" š°, but ended up with empty wallets. Lagos became the epicenter of this social engineering, where stories and connections were fabricated to extort money.
ā ļø Conclusion? Do not trust dubious "investors", even if their stories touch your soul. Love in crypto should be for the technologies, not for fake promises.
Stay vigilant! Scammers have no borders š
What do you think about such a "crypto-romantic" twist? Have you seen similar schemes? š
#CryptoScam
#NigeriaNews
#FraudAlert
#StaySafe
On December 10th, a large-scale operation took place in Nigeria against the largest crypto romance scam š. 792 people were arrested ā among them 148 Chinese, 40 Filipinos, and locals.
š How did the scheme work?
The scammers created the illusion of trusting relationships with victims from the USA, Canada, and Mexico šŗšøšØš¦š²š½ through fake investments. They used:
Social Networks š²
Phishing šŖ
Emotional Manipulation š¬
š Victims were promised "golden mountains" š°, but ended up with empty wallets. Lagos became the epicenter of this social engineering, where stories and connections were fabricated to extort money.
ā ļø Conclusion? Do not trust dubious "investors", even if their stories touch your soul. Love in crypto should be for the technologies, not for fake promises.
Stay vigilant! Scammers have no borders š
What do you think about such a "crypto-romantic" twist? Have you seen similar schemes? š
#CryptoScam
#NigeriaNews
#FraudAlert
#StaySafe
šØ AI-Powered Tool Breaks KYC Protocols!
A new AI deepfake tool called ProKYC is taking crypto fraud to a whole new level of sophistication. It enables cybercriminals to bypass even the toughest Know Your Customer (KYC) checks on some crypto exchanges and financial platforms. According to cybersecurity firm Cato Networks, this tool is a game-changer for scammers looking to create fake identities out of thin air, making it easier than ever to open fraudulent accounts.
Forget the days of buying fake IDs off the dark webāProKYC allows bad actors to generate AI-powered identities, complete with realistic facial animations and deepfake videos. It can pass high-level KYC processes that involve matching live webcam images to government-issued IDs like passports or driver's licenses.
š How Does ProKYC Work?
ProKYC creates an AI-generated face and inserts it into a fake ID template.
It then uses a deepfake video to match the AI-generated face with the userās real-time webcam image, allowing scammers to bypass verification processes used by major exchanges like Bybit.
Itās not just crypto exchanges at riskāpayment platforms like Stripe and Revolut could also be vulnerable.
While the tech is groundbreaking for fraudsters, itās a nightmare for exchanges trying to maintain security. Overly strict biometric systems could cause false positives, and too lax systems let scammers slip through unnoticed.
That's exactly why we need blockchain technology and proof-of-humanity! Of course Bonuz and IDSign together will solve such problems too.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder and drop a follow for more updates!
#SCAMalerts #fraudalert #scam Ā #fraud Ā #kyc
A new AI deepfake tool called ProKYC is taking crypto fraud to a whole new level of sophistication. It enables cybercriminals to bypass even the toughest Know Your Customer (KYC) checks on some crypto exchanges and financial platforms. According to cybersecurity firm Cato Networks, this tool is a game-changer for scammers looking to create fake identities out of thin air, making it easier than ever to open fraudulent accounts.
Forget the days of buying fake IDs off the dark webāProKYC allows bad actors to generate AI-powered identities, complete with realistic facial animations and deepfake videos. It can pass high-level KYC processes that involve matching live webcam images to government-issued IDs like passports or driver's licenses.
š How Does ProKYC Work?
ProKYC creates an AI-generated face and inserts it into a fake ID template.
It then uses a deepfake video to match the AI-generated face with the userās real-time webcam image, allowing scammers to bypass verification processes used by major exchanges like Bybit.
Itās not just crypto exchanges at riskāpayment platforms like Stripe and Revolut could also be vulnerable.
While the tech is groundbreaking for fraudsters, itās a nightmare for exchanges trying to maintain security. Overly strict biometric systems could cause false positives, and too lax systems let scammers slip through unnoticed.
That's exactly why we need blockchain technology and proof-of-humanity! Of course Bonuz and IDSign together will solve such problems too.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder and drop a follow for more updates!
#SCAMalerts #fraudalert #scam Ā #fraud Ā #kyc